We are still on an uptrend and looking for a long position now. The current price could be an entry point with aggressive trading while more conservative would be a pullback to 303~313. Since we've seen that area has acted as resistance many times before and when we are looking for a long trade on an uptrend, it should be taken as a reference. Another thing that deserves to be noted is the U.S just had its state of union Address and war is still unclear for how much impact it would have on the Crypto market. In long term, it still has a more positive effect on Crypto development.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.